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Mr Boettcher said unmanned aerial vehicles held the greatest potential for XTEK.
"The US Defense [Department] has something like 23,000 UAVs in service, an extraordinary number. Most of those UAVs were supplied by AiroVironment, a world leader in this field," he said.
"We are the exclusive agent for AiroVironment in Australia, and at this stage the Australian Department of Defence agencies have very few UAVs."
XTEK hoped to be called on by the Australian Defence Department to protect soldiers with UAVs and give them visibility in advance of what they could hear or see."
I think we will probably see a few more sales coming up during H1, especially with the increased security threats and the extra funds.
XTE Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held